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Tuesday, May 10, 2011

Ebay Inc. (NASDAQ: EBAY) rallied more than 3% in Tuesday's pre-market trading after Microsoft Corp. (NASDAQ: MSFT) agreed to acquire Skype Global S.a r.l for $8.5 billion in cash from the investor group led by Silver Lake.

Xerox Corp (NYSE: XRX) on Tuesday said that it expects its 2012 revenue to increase by 4 percent to 6 percent. The company said that it antiipates 2012 earnings to be $1.18 per share to $1.28 per share in that period.

Community Health Systems, Inc. (NYSE: CYH) late Monday announced that it has withdrawn its offer to acquire all of the outstanding shares of common stock of Tenet Healthcare Corporation (NYSE: THC) for $7.25 per share in cash. CHS said that it has also withdrawn its nominees for election to Tenet's Board of Directors at Tenet's 2011 annual meeting.

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